The International Development Association (IDA) Discount Notes offer investors short-term investment opportunities in US and Euro dollar markets.
- AAA/Aaa credit quality for the International Development Association (IDA)
- A-1+/Prime-1 rating for the World Bank’s discount note program
- Flexible and customized short-term investment product
- Offered in maturities of 397 days (13 months) or less in the US and Eurodollar markets
- Offered through a group of dealers
- Daily prices posting on Bloomberg.
Where to Access Information on Discount Notes
Rates for IDA Discount Notes are posted on Bloomberg page ("IDADN"). You can contact any of the following dealers:
- Academy Securities Inc.
- Barclays Capital Inc.
- CastleOak Securities, L.P.
- FHN Financial Capital Markets
- Jefferies LLC
- Mizuho Securities USA LLC
- Siebert Williams Shank & Co., LLC
- UBS Securities LLC
- Wells Fargo Securities LLC
Product Features
- Aggregate Face Amount: US$50,000 and higher per maturity date (397 days or less)
- Denominations: US$1,000, and integral multiples thereof
- Governing Law - New York
- Fiscal Agent - Federal Reserve Bank of New York
- For information regarding the eligibility of the Discount Notes as investments and collateral, see the Offering Circular